A highly productive freehold investment producing £16,870 per annum

This prominent parade of three shops are currently fully let producing a combined income of £16,860 per annum. There is also a ground rent income of £10 per annum from a maisonette which has been sold off on a 999 year lease. The shops are in a high profile location just off Norwich Outer Ring Road and close to Asda, McDonald's and B&Q superstore.

Tenure

Freehold

Tenancy Details

44A City View Road - 34.5sqm 3yr Tenancy from 26.9.22 - Rent £7,140pa 44B City View Road - 28.5sqm Long established statutory month to month tenancy - Rent £4,860 44C City View Road - 22.5sqm 3yr Tenancy from 4.10.22 - Rent £4,860 Flat 44 City View Road - ground and first floor apartment 999 year lease Ground rent income £10pa Total Income £16,870pa

Business Rates from 1st April 2023

44A City View Road Rateable value £8500 44B City View Road Rateable value £5,600 44C City View Road Rateable value £4,350 Flat 44 City View Road Council Tax Band A

VAT

VAT is not applicable to this lot.

Viewings

Open viewings are arranged and the next are Wednesday 25th October. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating Flat = C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Broadland District Council

Solicitors

Ashtons Legal (Norwich), Ref: Simon Parker, Tel: 01603 703070

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.